6-1 Month Momentum % is the total return of the stock from 6-month ago to 1-month ago. As of today (2024-05-12), Veris Residential's 6-1 Month Momentum % is 4.80%.
The industry rank for Veris Residential's 6-1 Month Momentum % or its related term are showing as below:
VRE's 6-1 Month Momentum % is ranked better than 57.85% of 847
companies
in the REITs industry
Industry Median: 3.03
vs VRE: 4.80
Competitive Comparison of Veris Residential's 6-1 Month Momentum %
For the REIT - Residential subindustry, Veris Residential's 6-1 Month Momentum %, along with its competitors' market caps and 6-1 Month Momentum % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Veris Residential's 6-1 Month Momentum % Distribution in the REITs Industry
For the REITs industry and Real Estate sector, Veris Residential's 6-1 Month Momentum % distribution charts can be found below:
* The bar in red indicates where Veris Residential's 6-1 Month Momentum % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Momentum investing is a trading strategy in which investors buy securities that are rising and sell before the prices start to go back down. The 6-1 Month Momentum % measures the total return to a stock over the past six months, but ignores the previous month.
The reason why the most recent month’s return dropped related to the short-term reversal effect associated with momentum. There is an academic finding that short-term momentum actually has a reversal effect, whereby the previous winners (measured over the past months) do poorly the next month, while the previous losers do well the next month. In order to eliminate the short-term reversal effect, the previous month return was not included in this calculation.
Veris Residential 6-1 Month Momentum % Related Terms
Thank you for viewing the detailed overview of Veris Residential's 6-1 Month Momentum % provided by GuruFocus.com. Please click on the following links to see related term pages.
Veris Residential (Veris Residential) Business Description
Veris Residential Inc is a fully-integrated, self-administered and self-managed real estate investment trust (REIT). The company owns and operates a real estate portfolio comprised predominantly of multifamily rental properties located mainly in the Northeast and Class A office properties. The company performs substantially all real estate management, leasing, acquisition and development on an in-house basis. The properties are in three states in the Northeast, plus the District of Columbia. The company operates in two industry segments multifamily real estate & services and commercial & other real estate. The majority of revenue is from Multifamily real estate services.
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